41-Unit Apartment
For Sale
$4,715,000
4827 N 6th St, Philadelphia, PA 19120
Three-building portfolio with 41 units, primarily one- and two-bedroom apartments, with water and sewer bill-backs in place.
Property Size14,688 SF
Price / SF$321.01
Days on Market123
Property Features for 4827 N 6th St
General Information
Standard status
Active
Size
14,688 SF
Site & Location
Neighborhood
Northwest Philadelphia
Building Details
Year Built
1966
Listing Agency:
TCS Management, LLC
Listed By:
Alex C Prince, Moshe Adika · License #RS322309
(215) 431-5652
Source:
Soldbypattie
Added: Jun 25
Changed: Oct 3
Last Checked: Oct 7 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCS Management, LLC
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Investment Insights
Based on property information with market context.
Offered for sale as a package, this 41-unit apartment portfolio includes 4825 N Camac St (13 units), 4510 N Lawrence St (11 units), and 4827-35 N 6th St (17 units). The unit mix is primarily one- and two-bedroom apartments, with 26 one-bedroom units, 14 two-bedroom units, and one four-bedroom unit.
Current average in-place rents are approximately $1,226 per month for one-bedroom units and $1,207 per month for two-bedroom units, with the four-bedroom unit leased at $1,450 per month. Public remarks note current rents are approximately 10–15% below market for comparable one- and two-bedroom units, and that the current ownership has implemented water and sewer bill-backs.
The portfolio is located in a dense residential corridor in North Philadelphia, Pennsylvania. It is described as benefiting from access to retail corridors along Broad Street and Roosevelt Boulevard, and nearby grocery stores including ShopRite, ACME, and Aldi, along with national retailers, pharmacies, and restaurants in the immediate neighborhood. The properties are also noted as being near public transit, major roadways, universities, and Jefferson Einstein Philadelphia Hospital.
Current average in-place rents are approximately $1,226 per month for one-bedroom units and $1,207 per month for two-bedroom units, with the four-bedroom unit leased at $1,450 per month. Public remarks note current rents are approximately 10–15% below market for comparable one- and two-bedroom units, and that the current ownership has implemented water and sewer bill-backs.
The portfolio is located in a dense residential corridor in North Philadelphia, Pennsylvania. It is described as benefiting from access to retail corridors along Broad Street and Roosevelt Boulevard, and nearby grocery stores including ShopRite, ACME, and Aldi, along with national retailers, pharmacies, and restaurants in the immediate neighborhood. The properties are also noted as being near public transit, major roadways, universities, and Jefferson Einstein Philadelphia Hospital.
Key Highlights
- 41‑unit apartment portfolio across three buildings in North Philadelphia, PA
- Unit mix includes 26 one‑bedroom units, 14 two‑bedroom units, and 1 four‑bedroom unit
- 4825 N Camac St: 13 units; 4510 N Lawrence St: 11 units; 4827‑35 N 6th St: 17 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,526
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,520
$2.8M
Cap Rate 7%
$2,021,800
$2.0M
Cap Rate 9%
$1,572,511
$1.6M
Market Conditions
NOI Build-Up for 14,688 SF
Gross rent
$278.5K $18.96/SF
− Vacancy
−$21.2K −$1.44/SF
EGI
$257.3K $17.52/SF
− OpEx
−$115.8K −$7.88/SF
NOI
$141.5K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,520
Cap Rate 7%
$2,021,800
Cap Rate 9%
$1,572,511
Alternative Uses
Best Use
Apartment 5plus
$2.02M
$1.77M – $2.36M
NOI $141,526 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,605 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
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Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building portfolio with 41 units, primarily one- and two-bedroom apartments, with water and sewer bill-backs in place.
Where is this apartment building located?
The property is located at 4827 N 6th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,715,000.
What are key features of this property?
This property features: 41‑unit apartment portfolio across three buildings in North Philadelphia, PA; Unit mix includes 26 one‑bedroom units, 14 two‑bedroom units, and 1 four‑bedroom unit; 4825 N Camac St: 13 units; 4510 N Lawrence St: 11 units; 4827‑35 N 6th St: 17 units
